$ILV /USDT TECHNICAL ANALYSIS: BEARISH CONTINUATION EXPECTED š
Current Price: $12.05
š Key Levels:
Resistance: $12.31 (24h high) ā strong selling pressure near this zone
Support: $11.99 (24h low) ā crucial level to watch for breakdown
š Market Outlook:
Price is struggling below resistance and showing a bearish momentum with -0.90% today and heavy losses over 30 days (-22.9%) and 1 year (-86%). The dominance of sell orders (35.97%) vs buys (64.03%) indicates cautious buying pressure but the downtrend remains intact.
ā ļø Trade Setup:
Entry: Short below $12.00 on confirmation of breakdown
Target 1 (TP1): $11.70
Target 2 (TP2): $11.40
Stop Loss: $12.35 (just above recent resistance)
š” Risk Management:
Keep risk under 2% of your trading capital per trade. Use stop loss strictly to protect against sudden reversals. Avoid overleveraging in this volatile market!
Stay sharp and trade wisely! šš
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